House Bill 449
118th Congress(2023-2024)
Microloan Transparency and Accountability Act of 2023
Active
Active
Passed House on Jan 25, 2023
Overview
Text
Introduced
Jan 24, 2023
Latest Action
Jan 26, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
449
Congress
118
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Tennessee
New Jersey
House Votes (1)
Senate Votes (0)
Passed on January 25, 2023
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H303)
Summary

Microloan Transparency and Accountability Act of 2023

This bill modifies reporting requirements related to the Small Business Administration's (SBA) disbursement of certain financial assistance.

Specifically, the bill requires the SBA to report certain metrics related to the disbursement of microloans to small businesses, including (1) the number, amount, and percentage of such loans that went into default in the previous year; (2) the extent to which microloans are provided to small businesses in rural areas; and (3) the average size, rate of interest, and amount of fees charged for each microloan.

Text (3)
January 26, 2023
January 25, 2023
January 24, 2023
Actions (9)
01/26/2023
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
01/25/2023
Motion to reconsider laid on the table Agreed to without objection.
01/25/2023
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H303)
01/25/2023
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H303)
01/25/2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 449.
01/25/2023
Considered under suspension of the rules. (consideration: CR H303-304)
01/25/2023
Mr. Graves (MO) moved to suspend the rules and pass the bill.
01/24/2023
Referred to the House Committee on Small Business.
01/24/2023
Introduced in House
Public Record
Record Updated
Mar 17, 2023 5:46:12 PM